~ A Blog on Gems

Rio Tinto Diamond Sales Stable

RAPAPORT… Rio Tinto’s diamond sales were nearly flat in the first half
of the year amid steady demand from Indian manufacturers, the miner reported
Wednesday.
Revenue from the company’s diamond operations slipped 0.6%
year on year to $340 million. Net earnings, meanwhile, fell 14% to $19 million.

“Rough-diamond demand was solid in 2017’s first half as
factories in India increa…